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FG’s IT infrastructure investment hits N3.8tn

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FG’s IT infrastructure investment hits N3.8tn

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Google employees vote to unionise over US Military AI deal concerns

Employees working on Google DeepMind artificial intelligence projects in the United Kingdom have voted to unionise, citing concerns over a newly announced partnership between Google and the United States military. In a letter set to be delivered to management on Tuesday, staff at the AI research lab called for formal recognition of the Communication Workers […]

Hackers breach North Korean spy group’s computer
Tech

Hackers target education tech firm in major data breach

Education technology company Instructure has confirmed a data breach that exposed students’ private information, with the hacking and extortion group ShinyHunters claiming responsibility. The group says it accessed students’ names, personal email addresses, and messages exchanged between teachers and students — categories of data the company acknowledged were compromised. Instructure has become the latest major […]

MTN Nigeria Chief Executive Officer, Karl Toriola reaffirmed the company's commitment to increasing affordability and accessibility of mobile phones in Nigeria.
Telecommunications

MTN leads as telcos battle for data network supremacy — Report

Nigeria’s telecom operators are entering a new phase of competition, where the fight for the last million subscribers is giving way to a deeper battle for data supremacy, network quality, and infrastructure scale. With active subscriptions hitting 185.5 million as of March 2026 and teledensity at 85.67 per cent, the market is approaching saturation. But […]

Business

Private sector confidence rises as agriculture drives April recovery

Nigeria’s private sector maintained its recovery momentum in April 2026 as the Nigerian Economic Summit Group reported that its Business Confidence Monitor Current Business Performance Index rose to 102.1 points. NESG made this known in its latest Business Confidence Monitor released on Tuesday. The latest data shows a marginal increase from 101.2 points recorded in […]

Coinbase waives fees on PayPal stablecoin, boosting crypto payment push
Crypto

Coinbase to cut 700 jobs in AI-driven restructuring

Crypto exchange Coinbase announced on Tuesday that it will lay off around 700 employees, representing about 14 per cent of its workforce, as part of a broader restructuring plan designed to navigate market volatility and expand the use of artificial intelligence tools to boost efficiency. The overhaul will also streamline the company’s structure to five […]

Banking featured

Zenith Bank appoints Mustafa Bello to replace Jim Ovia

Zenith Bank Plc has appointed Engr. Mustafa Bello as its new Chairman, following the retirement of its founder and long-serving chairman, Jim Ovia, after the expiration of his tenure. The transition, disclosed in a corporate notice issued in Lagos on May 5, 2026, comes in line with regulatory requirements mandating a 12-year tenure limit for […]

World

World Bank adds Abia to $700m SURWASH water supply initiative

Abia State has been selected as one of six states to benefit from the $700 million Sustainable Urban and Rural Water Supply, Sanitation and Hygiene Programme funded by the World Bank. Nairametrics reported that the development was disclosed on Monday by the Commissioner for Information, Okey Kanu, while briefing journalists after the State Executive Council […]

Jim Ovia
Banking featured

Zenith Bank founder Jim Ovia steps down as chairman

Zenith Bank Plc has announced the retirement of its Founder and Group Chairman, Jim Ovia, following the expiration of his tenure in line with regulatory requirements. The bank disclosed this in a corporate notice issued in Lagos on May 5, 2026. Ovia completed the mandatory 12-year tenure permitted under corporate governance guidelines for financial holding […]

First Bank lays off 100 senior staff in restructuring move
Business

Nestoil to sue First Bank, media houses over ‘false dividend suspension’ reports

Nestoil Limited has dismissed recent media reports suggesting that banks’ suspension of dividend payments was linked to an alleged debt owed by the company, describing the narrative as a deliberate attempt to mislead the public and damage its reputation. The company also accused First Bank of Nigeria and its leadership of orchestrating a coordinated media […]

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